Use the following to answer questions:
Scenario: First National Bank
First National Bank has $80 million in checkable deposits, $15 million in deposits with the Federal Reserve, $5 million cash in the bank vault, and $5 million in government bonds.
-(Scenario: First National Bank) Look at the scenario First National Bank. The bank has liabilities of:
A) $105 million.
B) $95 million.
C) $80 million.
D) $100 million.
Correct Answer:
Verified
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